NPR

CEOs Of Big Banks Face Tough Questioning Over Their Pay

The House Financial Services Committee is grilling the heads of seven banks Wednesday about overdraft fees and executive pay. The hearing comes 10 years after the financial crisis.
The House Financial Services Committee, led by Rep. Maxine Waters, D-Calif., grilled the heads of seven banks about the stability of the financial system a decade after the crash.

Updated at 12:12 p.m. ET

The heads of some of the nation's biggest banks faced tough questions from Democrats on Wednesday about overdraft fees, the stability of the banking system and their own multi-million-dollar compensation.

The House Financial Services Committee was titled, "Holding Megabanks Accountable: A Review of Global Systemically Important Banks 10 years after the Financial Crisis."

You’re reading a preview, subscribe to read more.

More from NPR

NPR3 min read
Bearing Witness, Celebrating Strength: How Poetry Has Changed Lives For NPR's Audience
From sparking the imagination to helping with mental health, listen to poems read by NPR readers and see how poetry has affected their lives.
NPR3 min readAmerican Government
Who Is Hope Hicks, The Former Trump Adviser Testifying In New York Criminal Trial?
Hope Hicks was a communications director for the Trump White House and prosecutors may question her on her knowledge of the deals made during his first presidential run.
NPR3 min read
Scientists Welcome New Rules On Marijuana, But Research Will Still Face Obstacles
When marijuana becomes a Schedule III instead of a Schedule I substance under federal rules, researchers will face fewer barriers to studying it. But there will still be some roadblocks for science.

Related Books & Audiobooks